Now the recession is around the corner and everyone is asking what should people be doing with their investment, should they cash out and sit on the cash, should they keep invested as this time is short-lived or something else.
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If we go by history we have seen a lot of ups and downs in the market, be it 2008 or 2013 or even in 2019. No one would have predicted this even the great Warren Buffet because you don't know the future.
Let's go by the Quote of Warren Buffet which says
"We have long felt that the only value of stock forecasters is to make fortune-tellers look good." I'm amazed at how many investors take market forecasters seriously, even when they have no credible track records of success."
Those who all are saying that they knew it, are just falsely trying to sell their narratives. You might be sitting on negative returns or the loss but right now the main goal is to email calm, buy the dip and hold it till the market goes back again. You might think of rebalancing your stocks, if you are too much into the bank or oil try to get Pharma or FMGC etc.
You might be excited about the market fall but don't wait to get into the market by having loads of cash. Cash will not make you billionaire, people who take a little risk and invest in the right time are get rewarded. Those people get into trouble, who wants to outsmart the market and don't respect it. We need to be long -term investors who just see through the noise.
Invest today for the long-term and you will be rewarded in the future..
I have been doing a lot of intraday trades nowadays. I have been Learning to apply pivot points, moving averages, macd, RSI, stochastic, Fibonacci retracemwnts, CPR and several other indicators along with patterns. This lockdown gave me a big opportunity to learn the basics of trading.
In my opinion, when we have free time it is always better to go for swing tradings rather than taking positions for long term. However, there are multibaggers which we never know unless we watch market closely for over a long period of time.
That's absolutely true, if anyone have the time it's always better to learn the basics and apply it on the market. I am talking about people like me who don't have much time to watch the market everyday, for me it's better to study a Share and then just buy it for a ling term perspective.
Always take extra care with the intraday trades. I had a very bad experience with a share like Tesla. It did great later when I was not on them 😄
Trading will always give you bad experience. I can talk about none other than our own 'Hive'. I could have sold it at a higher price!
Yup, you are right. A little risk gains a lot and a little greed blanks you out. It's always fruitful if you are moving from greed to gains lol not the other way 😉
Wise advice and I agree. It's always reassuring to hear it from someone else!
I agree. I see all dips as stocks on sale and opportunities to lock in a gain.
I really like that quote from Buffet:
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